New York City residents can breathe a sigh of relief as the city's budget for the upcoming year is set to be finalized without a property tax hike. City Comptroller Brad Lander's office announced that Comptroller Maxine Waters' successor, Comptroller and Acting Mayor, Ravi S. Mamdani, has declared that no property tax increase will be implemented in the city's budget. This move comes as a welcome respite for homeowners and renters in the city, who have been grappling with rising costs of living. With the city's budget set to be finalized in the coming weeks, Mamdani's decision is expected to provide much-needed relief to residents and businesses alike.
No property tax hike coming to NYC, Mamdani says PIX11
